We develop a model of international trade with increasing returns to scale by taking into account the possibility of cooperation among agents in an egalitarian economy. It is shown that each country gains from trade in a trading world in which there are arbitrary numbers of increasing-returns-...

This paper presents a dynamic general equilibrium model of multi-country, two-good and two-factor, in which both long-run growth and international trade patterns are examined. In each country, government expenditure on a public intermediate good plays a crucial role in the realization of...

The paper develops a model of international trade with increasing returns toscale by taking into account the possibility of cooperation among agents in an egalitarian economy. It is shown that each country gains from trade in a trading world in which there are arbitrary numbers of...

Frontmatter -- Preface -- Contents -- I. Introduction -- II. The Statistical Data -- III. The Method of Estimation -- IV. Estimates of the Price and Income Elasticities of Import Demand -- V. The Direction of Future Research -- Appendix I. Statistical Series -- Appendix II. Alternative...